2-bedroom flat · EH32 9FS
Sold STCListed 96 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Flat 10,7 McGregor Pend is a bright, well-proportioned top (3rd) floor flat, forming part of a smart modern development in the coastal East Lothian town of Prestonpans.
The home has stunning views across towards Edinburgh, with Arthur's Seat, Holyrood Park, across to the Bridges, Fife and the Firth of Forth.
The property has been a successful investment property, but is now ready for it's next exciting chapter of ownership.
The bay windowed sitting room is filled with light, benefitting from it's westerly outlook where the delightful outlook can be fully appreciated. Attractive wood flooring is laid underfoot.
The kitchen has a series of wall and base mounted cabinetry, along with a gas hob, electric oven, washing machine and fridge/freezer. There are two double bedrooms, both with built-in wardrobes.
The bathroom is fitted with a white suite, with a bath (with shower over), WC and wash hand basin. A hall cupboard provides addition storage.
Externally, there are well maintained communal grounds and residents' parking. Further unrestricted parking is available on the street outside.
*** Please note some of the images have been virtually staged to illustrate how the rooms could be used.
*** The Local Area The historic town of Prestonpans is situated on the southern shore of the Firth of Forth surrounded by unspoilt countryside.
The town is an extremely popular commuter base, being only three miles beyond Musselburgh and close to the A1 which links quickly and easily with Edinburgh City Centre via the City Bypass.
There are a number of local shops including a supermarket, schools and other social amenities within the town.
Further shopping can be found a short distance away at Fort Kinnaird Retail Park, Newcraighall, which offers a selection of "High Street" shops and superstores.
A variety of leisure facilities are available in the area including Prestonpans swimming pool, a choice of golf courses and several sandy beaches.
Prestonpans has its own railway station, with the car park only 0.75 miles away.
Extras All blinds, light fittings, fitted flooring, electric hob, oven, fridge/freezer and washing machine are included in the sale price.
Note: The development is factored by Ross & Liddell at the approximate charge of £75 per calendar month. This includes the maintenance of all the communal areas and the blocks buildings insurance.
There is an additional approximate charge of £250 per annum. This is paid to Greenbelt for further common grounds in the area. Viewing By appt with Coulters on EPC Rating EPC rating: C
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About Flat 10, 7, McGregor Pend, Prestonpans
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